Abu Dhabi – Mubasher: Sharjah Cement and Industrial Development Company (SCIDC) reported a 10.2% year-on-year increase in net profits in the third quarter of 2017 to AED 12.38 million ($3.37 million).

The Abu Dhabi and Kuwait-listed company stated that revenues increased 15.6% to AED 145.71 million in Q3-17, compared to AED 126.19 million in the comparative period of 2016, according to a filing to Boursa Kuwait.

Basic and diluted earnings per share rose to AED 0.022 from July to September versus AED 0.020 in three-month period ended 30 September 2016.

As for the first nine months of 2017, SCIDC saw a 0.9% increase in net profits to AED 43.58 million from AED 40.41 million in the year-ago period.